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Stock hits 5% upper circuit after receiving registration certificate for producer of waste and used battery

Stock obtains five-year EPR registration under Battery Waste Rules 2022, enabling eco-friendly battery recycling while ensuring compliance with environmental norms and regulatory guidelines.
Stock gets EPR nod, enabling eco-friendly battery recycling with regulatory compliance.
Stock gets EPR nod, enabling eco-friendly battery recycling with regulatory compliance.

Introduction:

Stock has received a five-year Extended Producer Responsibility (EPR) registration under the Battery Waste Management Rules, 2022, authorizing it to manage and recycle used batteries while ensuring full compliance with environmental safety and regulatory obligations.

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Share Price movement of Jay Jalaram Technologies:

On April 3, 2025, Jay Jalaram Technologies Limited opened at ₹181.00, reaching a high of ₹181.00, up 5%, hitting its upper circuit from the previous close of ₹172.40, and a low of ₹180.00. The stock is currently trading at ₹181.00, with a market cap of ₹214.94 Crores.

Jay Jalaram Technologies share price rise:

Jay Jalaram Technologies Limited has received an Extended Producer Responsibility (EPR) Registration Certificate as per the Battery Waste Management Rules, 2022. This five-year certification empowers them to deal with the disposal or recycling of used or waste batteries.

As a certified producer, the company has certain obligations, including routing the collected batteries only for recycling or refurbishing and not landfilling. The company should file annual returns, notify the Central Pollution Control Board about operational changes, and implement environmentally safe collection strategies including deposit or buyback schemes.

With registration comes strict compliance obligations. If the organization does not comply with the law prescribed requirements, it shall be liable to pay penalties or to face cancellation of registration or environmental compensation under the provisions of the Environment (Protection) Act, 1986. Only high class registered overheated recyclers or refurbishers will handle the batteries picked up by the organization.

Also Read: Power stock jumps 6% after receiving order worth ₹38.2 Cr from NTPC

Ace investor holding of Jay Jalaram Technologies:

Mukesh Mittal holds 2.09% stake in Jay Jalaram Technologies, amounting to 248,000 shares. At the current price of ₹181.00, the total value of his holding stands at approximately ₹4.49 crore, reflecting strong individual confidence in the stock’s potential.

Karmina Pravinbhai Bhayani owns 1.26% of Jay Jalaram Technologies, comprising 150,000 shares. Based on the current market price of ₹181.00, her total holding is valued at ₹2.71 crore, indicating a notable personal investment in the company’s growth outlook.

Stock performance of Jay Jalaram Technologies for Period of 1 week, 6 months and 1 year:

Jay Jalaram Technologies’ stock gained 5.22% over the past week. However, it has seen a sharp decline of 67.5% in the last six months and a 57.1% drop over the year, indicating significant long-term underperformance despite a recent short-term bounce.

Also Read: Auto stock jumps 5% after receiving order for marine diesel engine

Shareholding pattern of Jay Jalaram Technologies:

SummarySep-24Jun – 24Mar-24
Promoter 68.50%68.50%73.10%
FII0.60%0.60%0%
DII 0.40%0.40%0%
Public30.50%30.50%28.50%
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About Jay Jalaram Technologies:

Jay Jalaram Technologies Ltd (NSE: KORE) is a consumer electronics retail company primarily engaged in the distribution and sale of mobile phones and accessories. It operates under the brand name “Khodiyar Electronics” with a strong retail presence across Gujarat, offering affordable tech solutions.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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